Director of Credit Analysis
Stoever Glass & Co., Inc.
P: (862) 432-8818
Valentine’s Day, 2008. My first day on the job at a new company, and I’m testifying in Congress about the municipal bond insurance crisis. At the time, there were five companies rated AAA/Aaa. Within months, four folded, and one had to be restructured because of failures in securitized bonds which most believed were safe. Big mistakes and major contributors to the 2008 financial market crisis.
Click on the PDF below for full article.